Societe Generale posts sharp profit drop as net banking income slides
Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income,…
NYCB woes reignite fears about shaky banks as anniversary of March crisis nears
Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid…
NYCB names new chairman after Moody’s downgrades bank’s credit rating to junk
New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s…
UBS beats earnings expectations, announces up to $1 billion share buyback
Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth…
A Goldman Sachs-backed electricity firm is making a play to reach more Americans’ homes
Goldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer…
Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
LONDON — The Bank of England held interest rates steady at 5.25% on Thursday, with the announcement detailing the very divided…
Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa…
Deutsche Bank smashes profit estimates and boosts shareholder returns
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a…
Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
A man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion…
New York sues Citibank for alleged failure to reimburse fraud victims
New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic…
